AP NEWS

Nelnet: 2Q Earnings Snapshot

August 7, 2018

LINCOLN, Neb. (AP) _ Nelnet Inc. (NNI) on Tuesday reported second-quarter profit of $49.4 million.

On a per-share basis, the Lincoln, Nebraska-based company said it had profit of $1.21. Earnings, adjusted for non-recurring costs, came to $1.30 per share.

The education services company posted revenue of $429.4 million in the period. Its adjusted revenue was $258 million.

Nelnet shares have increased almost 8 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $58.99, an increase of 21 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NNI at https://www.zacks.com/ap/NNI

AP RADIO
Update hourly